TE Connectivity
TE Connectivity, a former division of Tyco International Ltd.. which was known under the name of Tyco Electronics, is an international company with U.S. roots and headquarters in Schaffhausen in Switzerland as well as major administrative centers in Berwyn, Pennsylvania.
Core activities of the Group are the fields of electronic connectors, network technology, underwater telecommunication systems and wireless systems. The Group develops, manufactures and markets products for customers in the automotive sector, as well as in aerospace, defense systems, telecommunications, computers and consumer electronics.
TE Connectivity has approximately 96,000 employees and reported 2008 global revenues of 14.834 billion U.S. dollars. The shares of Tyco International Ltd.. are listed on the New York Stock Exchange and were represented by 25 June 2009, the stock index S & P 500.
Structure
June 29, 2008 Tyco Electronics became, along with Covidien, an independent, independent from the parent company traded on the stock exchanges companies. As an independent company is Tyco Electronics from 4 divisions ( sales in 2008 )
- Electronic Components ($ 11 billion )
- Network Solutions ($ 2.2 billion )
- Undersea Telecommunications ($ 1.2 billion)
- Wireless Systems ($ 463 million)
The company employs staff in 50 countries. Main sales regions (as of 2008 ) are: EMEA (37%), the Americas (36% ), Asia -Pacific ( 27%)
In the first quarter of 2009, the division Wireless Systems was sold for $ 675 million to the Harris Corporation.
History
In April 1999, the Company acquired Tyco Electronics AMP Incorporated. At the same time, Jürgen W. Gromer Chairman of Tyco Electronics, after he was senior vice president of Worldwide Sales and Customer Service at AMP since 1998. Gromer remained until the end of 2007, president of the electronics division at Tyco International. Since 2006, Tom Lynch, CEO of Tyco Electronics.
On 18 December 2001, the merger of Tyco International, Ltd. was TyCom. completed, thus was under the control of Tyco Electronics division for Submarine Telecommunications.
As a result of a downturn, the electronics division, wrote in the first quarter of 2002, a loss of $ 2 billion related to excess capacity in the international fiber cable market, which affected the left in the expansion of submarine cable network Tyco Global Network (TGN ). TGN was then sold in November 2004. In fiscal 2002, Tyco Electronics achieved nevertheless a profit of 11 billion dollars.
2003, the gain in the electronics business decreased slightly, but remained above $ 10 billion. In 2004, the profit one-third of the total profit of Tyco International rose to $ 12 billion, which is roughly equivalent.
In 2006, Thomas J. Lynch, the newly created post of CEO of Tyco Electronics division, which he claimed spin-off from parent company Tyco International continues in 2007. He was Prior to joining Tyco to 2002, Executive Vice President and Chairman of the consumer mobile division at Motorola.
In early 2009, the Group decided to relocate its headquarters from Bermuda to Switzerland. The relocation to Schaffhausen was completed on 25 June 2009. This was accompanied by the conversion of Tyco Electronics Ltd.. into a joint stock company under Swiss law.
In July 2010, Tyco Electronics and ADC Telecommunications informed about the proposed acquisition of ADC by Tyco Electronics. In April 2011, Tyco Electronics was eventually renamed TE Connectivity. In the fall of 2013 TE Connectivity informed its customers about the proposed shift to the spring of 2014 his Berlin production (Formerly ADC Krone ) to Brno, Czech Republic.